Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

French chipmaker Sequans sells 1,025 Bitcoin amid $54M loss and debt pressure

Market News
05 May 2026
Crypto Economy
View Source
Bearish
pluang ai news

French IoT chipmaker Sequans Communications sold 1,025 Bitcoin in Q1 2026 to raise liquidity after reporting a $54.3 million net loss and revenue drop to $6.1 million. The company reduced its Bitcoin holdings from 2,139 to 1,114 BTC, incurring $29.3 million in unrealized losses and $11.7 million in realized losses. With 73% of remaining Bitcoin pledged as debt collateral, Sequans plans to exit its crypto treasury strategy by June 1, 2026. This move reflects broader caution among companies using crypto assets amid market volatility and operational challenges.

More News

Moonbeam shifts GLMR token from Polkadot to Coinbase's Base layer 2, focusing on AI infrastructure.

Moonbeam shifts GLMR token from Polkadot to Coinbase's Base layer 2, focusing on AI infrastructure.

Moonbeam Network, originally a leading Polkadot parachain, is migrating its GLMR token to Base, Coinbase's Ethereum Layer 2, ending its four-year Polkadot association. The project is rebranding to focus on AI agent communication and on-chain economic...

Protocol Fundamentals
Neutral
4 hours ago
Solana bucks altcoin slump with strong on-chain growth and rising SOL token demand.

Solana bucks altcoin slump with strong on-chain growth and rising SOL token demand.

While most altcoins face declining market caps, Solana shows strong growth driven by record tokenized asset volumes and active addresses surpassing Ethereum's in this sector. The rise of memecoins and speculative platforms like Pump.fun inject fresh ...

Protocol Fundamentals
Bullish
4 hours ago
Leonardo DRS seen as a buy amid strong defense demand and attractive valuation with 13-20% upside.

Leonardo DRS seen as a buy amid strong defense demand and attractive valuation with 13-20% upside.

Leonardo DRS is recommended as a buy due to strong demand in radar, power management, and defense electronics driven by a multi-domain defense supercycle. The company benefits from expanding defense budgets and increased sensor use across naval, air,...

Analyst Insights
Bullish
4 hours ago
UXLINK hacker swaps $10.54M in DAI for 6,001 ETH, using Tornado Cash to obscure stolen funds.

UXLINK hacker swaps $10.54M in DAI for 6,001 ETH, using Tornado Cash to obscure stolen funds.

The hacker behind the UXLINK breach converted $10.54 million in DAI stablecoins into 6,001 ETH, then routed the funds through Tornado Cash, a privacy tool used to hide transaction trails. This move follows a previous large swap and aims to avoid cent...

Market News
Bearish
4 hours ago
ams-OSRAM rated buy on growth in smart glasses and AI data-center optics with attractive valuation.

ams-OSRAM rated buy on growth in smart glasses and AI data-center optics with attractive valuation.

ams-OSRAM is rated a buy due to promising opportunities in Digital Photonics, especially in smart glasses and AI data-center optical interconnects. Near-term growth is expected from smart-glasses content wins, with potential revenue of EUR 50–100 per...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App